Overview
What is The Chilia Charitable Trust?
The Chilia Charitable Trust is a nonprofit organization located at 250 EAGLE POINT DR, Lyndhurst, OH 44124. Their primary mission is to contribute funds to public charities, specifically benefiting children, under sections 2055, 2106, and 2522. The main objective of this trust is to provide support to these public charities, aligning with its mission to better the lives of children. The trust operates with the aim of providing future financial backing and granting to these charitable organizations.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Two-Star out of Four Star rating (Needs Improvement) with a score of 70%. This rating indicates that while The Chilia Charitable Trust demonstrates some financial accountability, it falls short in several governance and compliance areas. The organization has a perfect program expense ratio, meaning all its expenses are directed towards its programs, which is a positive sign for its operational focus.
Strengths of the organization include a fully independent board, scoring full points for both majority independent board members and board size. Additionally, the organization has no liabilities relative to its assets, indicating a strong financial position. However, the lack of a tax form website and missing policies on conflict of interest, whistleblowing, and document retention raise concerns regarding transparency and adherence to best practices in governance.
The absence of documented board meeting minutes further highlights a significant gap in operational transparency. While the organization is financially stable and focused on its mission, improving its governance practices and ensuring compliance with necessary policies will be crucial for enhancing its overall rating and trustworthiness among donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is The Chilia Charitable Trust legitimate?
The Chilia Charitable Trust is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Chilia Charitable Trust submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of The Chilia Charitable Trust?
The Chilia Charitable Trust's primary mission, as stated, is to fund public charities for the benefit of children. This organization is dedicated to providing support to such charities, under sections 2055, 2106, and 2522, with the aim of advancing their future operations and grant allocations. The funds raised by the trust serve the purpose of supporting these public charities, contributing to the betterment of children's lives.
What is the revenue of The Chilia Charitable Trust?
The Chilia Charitable Trust's revenue in 2024 was $1,500.
Who are the executives of The Chilia Charitable Trust and what are their salaries?
Here are 3 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for The Chilia Charitable Trust?
The Chilia Charitable Trust's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of The Chilia Charitable Trust
The Chilia Charitable Trust is an organization with a primary mission to support public charities, specifically focusing on benefiting children. This support is facilitated under sections 2055, 2106, and 2522. In essence, the trust's primary role is to fund these public charities for the betterment of children. The funds raised by The Chilia Charitable Trust are intended for future support and grant disbursements to these charities. This mission underscores the organization's commitment to contributing to the welfare of children by partnering with other charitable entities that share this goal.
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Impact
August, 2024
The Chilia Charitable Trust has a significant impact on supporting public charities for the benefit of children. Through its funding and grants, the trust helps provide essential resources and opportunities for children in need. This support not only improves the lives of individual children but also contributes to the overall well-being and development of the communities they serve. By focusing on education and other critical areas, The Chilia Charitable Trust plays a vital role in creating a brighter future for children and positively impacting their lives.
This information is meant to be a general summary of The Chilia Charitable Trust. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Gross Receipts: $1,500
Assets and Liabilities:
- Total Assets: $75,661
- Total Liabilities: $0
- Net Assets: $75,661
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Organization Details
Founding Year
2017
Principal Officer
Sam Chilia
NTEE Category
Code: B82 - Education
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